Premier Asset Management LLC boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,328 shares of the medical equipment provider’s stock after purchasing an additional 455 shares during the period. Intuitive Surgical comprises approximately 2.2% of Premier Asset Management LLC’s holdings, making the stock its 24th largest position. Premier Asset Management LLC’s holdings in Intuitive Surgical were worth $9,756,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ISRG. Edgewood Management LLC lifted its position in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after purchasing an additional 1,934,382 shares during the period. Koch Industries Inc. lifted its position in Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after purchasing an additional 1,387,952 shares during the period. FMR LLC lifted its position in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after purchasing an additional 447,397 shares during the period. Janus Henderson Group PLC lifted its position in Intuitive Surgical by 7,931.4% in the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock valued at $385,532,000 after purchasing an additional 407,038 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Intuitive Surgical by 57.5% in the second quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock valued at $287,252,000 after purchasing an additional 112,130 shares during the period. Hedge funds and other institutional investors own 32.81% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $383.78 on Friday. Intuitive Surgical, Inc. has a 12 month low of $204.79 and a 12 month high of $405.05. The firm has a market cap of $42,710.00, a P/E ratio of 48.90, a PEG ratio of 5.13 and a beta of 0.48.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The business had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. During the same period last year, the company posted $2.06 EPS. The company’s revenue was up 18.0% on a year-over-year basis. analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
In other news, CFO Marshall Mohr sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the completion of the transaction, the chief financial officer now directly owns 12,316 shares of the company’s stock, valued at approximately $4,584,261.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig H. Barratt sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,944 shares of company stock valued at $21,432,971. Corporate insiders own 2.20% of the company’s stock.
A number of equities research analysts recently commented on ISRG shares. Wedbush restated an “outperform” rating and issued a $353.33 price objective on shares of Intuitive Surgical in a research report on Monday, September 25th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Morgan Stanley restated an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Finally, Vetr downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 price target for the company. in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $155.78.
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About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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